Al-Waleed bin Talal

Born:March 7, 1955 (age 56)
 Jeddah, Saudi Arabia

Residence:Riyadh, Saudi Arabia

Nationality:Saudi Arabian/Lebanese

Alma mater:Menlo College (B.Sc)
 Syracuse University (M.SocSc)

Occupation:Businessman/Investor

Years active:since 1979

Net worth:$19.6 billion (2011)

Religion:Islam

Spouse:Dalal bint Saud bin Abdul Aziz,
 Princess Ameerah

Children:Prince Khaled
 Princess Reem




Early life:
Al-Waleed bin Talal was born to Talal ibn Abd al-Aziz, the son of the founding King of Saudi Arabia, Abdul Aziz Al Saud and Princess Mona El-Solh, daughter of Riad as-Solh, Lebanon's first Prime Minister. He is Prince Talal's second son.

Business interests:

Al-Waleed began his business career in 1979 upon graduation from Menlo College in California. The Prince's activities as an investor came to prominence when he bought a substantial tranche of shares in Citicorp in the 1990s when that firm was in difficulties. With an initial investment of $550 million ($2.98 a share after adjusting for stock splits, acquisitions and spin-offs, according to Bloomberg calculations) to bail out Citibank caused by underperforming American real estate loans and Latin American businesses, his holdings in Citigroup now comprise for about $1 billion. His investments in Citibank earned him the title of Saudi Warren Buffett.

His stake in Citibank once accounted for approximately half of his wealth, prior to the recent financial crisis. At the end of 1990 he bought 4.9 percent of Citicorp’s existing common shares for $207 million ($12.46 per share)—the most that he could without being legally obliged to declare his interest. In February 1991, as American troops stationed in Saudi Arabia were preparing for war with Iraq, the prince spent $590m buying new preferred shares, convertible into common shares at $16 each. This amounted to a further 10% of Citicorp and took his stake to 14.9%.

Later, he also made large investments in AOL, Apple Inc., MCI Inc., Motorola, News Corporation Ltd and other technology and media companies.

His real estate holdings have included large stakes in the Four Seasons hotel chain and the Plaza Hotel in New York. He sold half of his shares in the latter in August 2004. He has made investments in London's Savoy Hotel and Monaco's Monte Carlo Grand Hotel. He currently holds a 10% stake in Euro Disney SCA, the company that owns, manages and maintains Disneyland Paris in Marne-la-Vallee, France.

In January 2005, Al-Waleed purchased the Savoy Hotel in London for an estimated GBP £250 million, to be managed by Fairmont Hotels; his sister, The Princess Sultana Nurul Al-Waleed owns an estimated 16% stake. In January 2006, in partnership with the U.S. real estate firm Colony Capital, Kingdom Holding acquired Toronto, CA-based Fairmont Hotels for an estimated $3.9 billion.

As of 2008, there are plans for the $10 billion construction of the Tallest Building in the World a supertall skyscraper to be the tallest in the world, at one mile (1609 m) in height.

In 1997, Time Magazine reported that bin Talal owned about 5 percent of News Corporation.By 2010 Alwaleed's stake in News Corp. was about 7% stake at worth $3 Billion noted the 2010 News Corp. $70 million (9%) investment in Al-Waleed's Rotana Group, the Arab World's largest entertainment company. The review also referred to the Al-Waleed investment AOL in the past tense. In June 2011 bin Tahal was linked with a takeover of English Premier League side Everton for a reported £100 million. It remains to be seen whether or not he will follow up on the link.

Charitable activities:
Much of the charitable activities of Al-Waleed are in the field of educational initiatives to bridge gaps between Western and Islamic communities. Over the years, he has funded a number of centers of American studies in universities in the Middle East and centers of Islamic studies in Western universities.

World Trade Center attacks:
In October 2001, following the World Trade Center attacks, New York mayor Rudy Giuliani turned down a $10 million donation from Al-Waleed for disaster relief after the prince suggested the United States "must address some of the issues that led to such a criminal attack," and "re-examine its policies in the Middle East." Giuliani interpreted his statements as drawing "a moral equivalency between liberal democracies like the United States, like Israel, and terrorist states and those who condone terrorism."

Palestinians:
In 2002, Al-Waleed donated 18.5 million British pounds (US$27 million) to the families of Palestinians during a TV telethon following Israeli operations in the West Bank city of Jenin. The telethon was ordered by Saudi King Fahd to help relatives of Palestinian martyrs. The Saudi government maintained the term "martyrs" referred not to suicide bombers but to "Palestinians [who are] victimized by Israeli terror and violence."

2004 Indian Ocean earthquake
In 2004, the Prince contributed $117 million to victims of the 2004 Indian Ocean earthquake and tsunami.

Harvard University:
In April 2009, Prince Waleed bin Talal donated $20 million to Harvard University, one of its 25 largest donations.

Phillips Academy:
In 2002, Al-Waleed donated $500,000 to help fund the George Herbert Walker Bush Scholarship at Phillips Academy in Andover, Massachusetts.

 Education:
Al-Waleed received a Bachelors of Science degree in Business Administration with high honors from Menlo College in California in 1979. He then received a Master's of Social Science with honors from Syracuse University in 1985.

 Assets:


Luxury yachts:

Kingdom 5KR
Al-Waleed owns the 85.9-meter (282-foot) yacht Kingdom 5KR,, originally built as the "Nabila" for Saudi arms dealer Adnan Khashoggi. She posed as the Flying Saucer, the yacht of James Bond villain Largo in the film Never Say Never Again. The yacht was later sold to Donald Trump, who renamed her Trump Princess. Al-Waleed bought back the yacht after Trump's second bankruptcy.

He has ordered a new yacht currently known as the New Kingdom 5KR which will be about 173 meters (557 feet) long and carries an estimated cost of over $500 million. The yacht is rendered by Lindsey Design and is expected to be delivered in late 2010.

Private jets:
Al-Waleed owns several aircraft, all converted for private use: a Boeing 747, an Airbus 321 and an Hawker Siddeley 125. Also on order is an Airbus A380, the world's largest passenger aircraft, which is scheduled for delivery in 2012.This has been noted in the 2009 Guinness World Records as the largest private jet in the world.

Cars:
Al-Waleed also owns more than 200 cars, including Rolls Royces, Lamborghinis, Ferraris etc.

Economist reports:
The Economist has expressed doubts about the source of income of Prince Al Waleed and whether he is a front man for other Saudi investors. According to it, his income in the 1990s was insufficient to cover his expenditures. "You could barely clothe a Saudi prince for such sums, let alone furnish him with a multi-billion-dollar empire. Nevertheless, by 1991 Prince Alwaleed had felt able to risk an investment of $797m in Citicorp", writes the magazine.

Among his many assets are: a 95 percent stake in Kingdom Holding Company; 91 percent ownership of Rotana Video & Audio Visual Company; 90 percent ownership of LBC SAT; 7 percent ownership of News Corporation; about 6 percent ownership of Citigroup; and 17 percent ownership of Al Nahar and 25 percent ownership of Al Diyar, two daily newspapers published in Lebanon.

In addition to his 63rd place ranking on the Forbes Billionaire List in 2011, Prince Al-Waleed topped the first Saudi Rich List issued in 2009, with a fortune of $16.3bn.

Homes:


Kingdom Resort:
It contains three lakes integrated with splendid gardens. This is where he entertains his guests

Promotion Palace:

This palace is frequently shown in videos for the promotion of public relations which is why locals have dubbed it as "Promotion Palace". It has three swimming pools and large splendid palace. The mosque on the left and the palace next to it are also his. According to Time Magazine "Al-Waleed and his two wives live in Riyadh, Saudi Arabia in a $300 million sand-colored palace whose 317 rooms are adorned with 1,500 tons of Italian marble, silk oriental carpets, gold-plated faucets and 250 TV sets. It has four kitchens, for Arabic, Continental and Asian cuisines, and a fifth just for dishing up desserts, run by chefs who can feed 2,000 people on an hour's notice. There is also a lagoon-shaped pool and a 45-seat basement cinema

Kingdom Oasis:
Still under construction this 4 million square metre luxury resort will include a 70,000 square metre lake and a private zoo